HIVE Blockchain Technologies has ordered 1,800 crypto mining machines Bitmain Technologies, a leading crypto mining machine manufacturer in the world.
According to an official announcement by HIVE Blockchain Technologies, the company has ordered 1,800 Antminer S19j Pro miners from Bitmain Technologies that have an aggregate hash power of 180 Petahash per second (PH/s).
These 1,800 miners are the first among their 2022 mining purchase program and will be delivered in 6 equal tranches of 300 miners starting from January 2022 through June 2022.
With the latest purchase, HIVE says it’s a continuation of their monthly strategy to increase bitcoin mining capacity that intends to continue in utilizing their cash flow and upgrade their fleet of BTC and ETH mining equipment on a regular monthly basis.
Commenting on the announcement, Frank Holmes, Executive Chairman of HIVE, said:
The global crypto mining industry went through a blackout amid the recent crackdown on crypto mining by authorities in China. Reportedly, Chinese miners are moving to other locations such as Canada, Europe, and the US.
Despite the latest shift, the publicly traded mining company revealed it still continues to hold cryptocurrencies in large amounts: